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Benefits of Renewing Two Wheeler Insurance Online

Jan 5th 2016 at 3:32 AM

It is important to renew one’s two-wheeler insurance policy well in time to continue receiving insurance benefits. In certain instances, one can even avail a No Claims Bonus (NCB) of up to 50% if the policy is renewed within 90 days from the date of expiry of the previous policy.

Insurance companies offer two ways to renewing motor insurance policies – the conventional way (offline) and the new way (online). Online renewal of two wheeler policies has several benefits and scores over the conventional, offline method.

Benefits of Online Renewal of Two Wheeler Insurance:

Quick and Easy

Online renewal of a two-wheeler insurance policy is easier than the conventional method. The entire process is hassle-free – one has to just log onto the insurer’s website, go to the renewal section and choose renewal option for two-wheeler insurance and make the payment. Just remember to have policy details handy along with internet banking username and password or debit/credit card details along with CVV number depending on the payment method.

Saves Time

Online renewal is faster and saves considerable time. There is no waiting at the insurer’s office or during a call to the customer care helpline. Renewal can be done at one’s convenience. It takes less than 5 minutes to complete the renewal process.

Save Money

Insurance companies have been promoting the online renewal method as they are able to reduce overhead costs like office rentals, manpower costs, call centre costs, etc. They offer discounts onpolicies renewed online and there are no extra charges involved.

Renewal without Inspection and Documentation

Online renewal is extremely convenient in today’s day and age. It has the added benefit of renewal without lengthy and time-consuming inspection and documentation that are done later, if required.

Instant Policy Issuance

The newly renewed policy document is issued instantly when two wheeler policies are renewed online. One can save the policy document as a PDF document and also print it for reference. The insurer sends the official hard copy within a few weeks ofrenewal to the registered home address.

Round The Clock Renewal

One important benefit of online renewal is that it can be done any time of the day, any day of the week. It is truly 24x7x365. One is not limited to the office working hours of the insurer.

Anywhere Renewal

Another benefit of online renewal is that it can be done from any location. All one requires is an internet connection. There are no queues and no waiting – you are always first. Renewal can be done from any device – personal computers to smartphones. Most insurers have customised their websites for mobile use.

About the Author

Suggestinsurance.com is the online identity for IRDAI approved insurance broker – S B Insurance Brokers Pvt Ltd. On SuggestInsurance.com we offer quotes from leading insurance companies and let the customer explore the insurance plans, get their details, view and study brochure and other documents, compare features and benefits of these plans side by side and then take a decision.